It also spent around five months printing a large ascending triangle on the daily chart.

Now that it broke out of the pattern, it appears to be launching its own parabolic run.Ethereum appears to be in the same parabolic trajectory as bitcoin | Source: TradingViewOnly time will tell if Ethereum will also go parabolic, but one thing’s for sure: it is no longer in bear territory.Litecoin and EOS Unmistakeably Showing Similar Bullish StructuresOther large caps are following bitcoin’s leadership.

Like Litecoin, it also broke out from a large inverse head and shoulders pattern on the weekly chart.

Sure, there may be dips and corrections, but it is highly doubtful that we generate new lows anytime soon.